Lee Memorial Hospital Inc
- Assets
- $9.7m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 203
- Location
- Fort Myers, FL
- Founding
- 10/1978
- Data as of
- 09/2023
- EIN
- 23-7160360
Organization Overview
Lee Memorial Hospital Inc, operating under the name Lee Healthcare Resourses (lhr), is located in Fort Myers, FL. The organization was established in 1978. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Lee Healthcare Resourses (lhr) employed 203 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lee Healthcare Resourses (lhr) is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Lee Healthcare Resourses (lhr) generated $10.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $11.3m during the year ending 09/2023. While expenses have increased by 12.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lee Healthcare Resourses (lhr) has awarded 30 individual grants totaling $20,468,667. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO COOPERATE WITH LEE HEALTH (LH) AND CYPRESS AT HOME (CAH) (CONTINUED ON SCHEDULE O)IN THEIR MISSIONS TO PROVIDE HEALTHCARE SERVICES TO RESIDENTS OF SOUTHWEST FLORIDA AND TO COOPERATE WITH CYPRESS COVE AT HEALTHPARK FLORIDA, INC. (CCHPF) IN ITS MISSION TO PROMOTE THE WELL-BEING OF SENIOR CITIZENS RESIDING IN LEE COUNTY FLORIDA AND THE SURROUNDING AREA THROUGH SOUND BUSINESS STEWARDSHIP OF OUR RESOURCES AND BUSINESS ENTERPRISES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAH'S MISSION IS TO PROVIDE INNOVATIVE SOLUTIONS FOR HIGHQUALITY CARE AND SERVICES BY A TRUSTED TEAM OF PROFESSIONALS THAT ENABLES OLDER ADULTS TO THRIVE IN THEIR HOME AND ACHIEVE THEIR HIGHEST POTENTIAL. CAH WORKS WITH SENIORS AND THEIR FAMILIES TO DEVELOP CARE PLANS CUSTOMIZED TO MEET THEIR NEEDS. SERVICES HAVE BEEN DESIGNED TO PROVIDE THE COMPLETE SUPPORT NEEDED TO MAINTAIN SENIORS' INDEPENDENCE AND ALLOW THEM TO AGE SUCCESSFULLY AND SAFELY IN THEIR OWN HOME. CARE MANAGEMENT SERVICES PROVIDE AGING LIFE CARE PROFESSIONALS TO WORK WITH OLDER ADULTS AND THEIR FAMILIES AS PERSONAL CARE MANAGERS, DEVELOPING PLANS FOR SUPPORT AND OVERSEEING ITS DELIVERY. HOME CARE SERVICES INCLUDE HOME CARE AIDES AND NURSING SPECIALISTS TO PROVIDE A RANGE OF SERVICES FROM COMPANIONSHIP AND HOUSEKEEPING TO (CONTINUED ON SCHEDULE O) ONE-ON-ONE MEDICAL CARE. MEDICAL CARE SERIVICES PROVIDE QUALITY CARE FROM ACCREDITED CARE PROVIDERS THROUGH IN-OFFICE, IN-HOME AND VIRTUAL-BASED VISITS. HOME HEALTH SERVICES PROVIDE ONE-ON-ONE MEDICAL CARE DELIVERED IN HOME, AND DIRECTED BY A CERTIFIED MEDICAL DIRECTOR ALONG WITH HIGHLY TRAINED ON-CALL NURSES THAT ARE AVAILABLE 24 HOURS A DAY, 7 DAYS A WEEK.
THE FOLLOWING LEASES SUPPORT LMHS, A SPECIAL DISTRICT CREATED BY SPECIAL ACT OF THE FLORIDA LEGISLATURE THAT OWNS AND OPERATES FOUR ACUTE HOSPITALS AND HAS ALSO BEEN RECOGNIZED TO BE AN ORGANIZATION DESCRIBED BY SECTION 501(C)(3): RENTAL REVENUES WERE $32,745 FOR PORT CHARLOTTE AND $49,158 FOR LEHIGH ACRES, BOTH OF WHICH WHERE THE PROPERTY RENTED WAS USED IN A MANNER SUBSTANTIALLY RELATED TO LHR'S CHARITABLE PURPOSES.
THIS LEASE SUPPORTS CCHPF, A RELATED 501(C)(3) ORGANIZATION UNDER SECTION 509(A)(2). THE LEASED PROPERTY IS ENTIRELY USED IN A MANNER SUBSTANTIALLY RELATED TO LEE MEMORIAL HOSPITAL, INC.'S (LHR) CHARITABLE PURPOSES.
THE ORGANIZATION PROVIDED SUPPORT TO LMHS ($38,491) AND CCHPF ($104,900) DURING FISCAL YEAR 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Blue Cypress At Home Director Of Nursing | 40 | $180,485 | |
John Reed II Associate Exec. Director Home Health | 40 | $155,547 | |
Timothy Klatt Physicians Assistant | 40 | $144,197 | |
Christine Burns Cypress At Home Executive Director | 40 | $130,525 | |
Fred Lomangino Physical Therapist Non Exempt | 40 | $115,395 | |
John Noland Chairman/ceo/president | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lee Fp Inc Prof Svc Fee | 9/29/17 | $1,379,696 |
Rd Johnson Construction Inc Maint & Impr | 9/29/17 | $416,860 |
Reltub Incorporated Prof | 9/29/17 | $210,431 |
Lee Fp Inc Prof Svc Fee | 9/29/17 | $1,379,696 |
Reltub Incorporated Prof | 9/29/17 | $210,431 |
Rd Johnson Construction Inc Maint & Impr | 9/29/17 | $416,860 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,408,850 |
| Investment income | $693,727 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$147,693 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,964,252 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $143,391 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,835,823 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $735,782 |
| Payroll taxes | $434,165 |
| Fees for services: Management | $182,097 |
| Fees for services: Legal | $3,904 |
| Fees for services: Accounting | $11,966 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,720 |
| Fees for services: Other | $2,323,082 |
| Advertising and promotion | $43,887 |
| Office expenses | $174,245 |
| Information technology | $26,953 |
| Royalties | $0 |
| Occupancy | $290,757 |
| Travel | $51,936 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,991 |
| Interest | $212,305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $166,838 |
| Insurance | $219,680 |
| All other expenses | $0 |
| Total functional expenses | $11,331,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,468,865 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,472,329 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,613,438 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,880,333 |
| Net Land, buildings, and equipment | $12,862,309 |
| Investments—publicly traded securities | $18,954,803 |
| Investments—other securities | $0 |
| Investments—program-related | -$36,884,046 |
| Intangible assets | $0 |
| Other assets | $324,885 |
| Total assets | $9,692,916 |
| Accounts payable and accrued expenses | $769,338 |
| Grants payable | $1,562,882 |
| Deferred revenue | $748,684 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $4,663,703 |
| Other liabilities | $2,464,648 |
| Total liabilities | $10,209,255 |
| Net assets without donor restrictions | -$516,339 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,692,916 |
Grants Awarded
Over the last fiscal year, Lee Memorial Hospital Inc has awarded $143,391 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CYPRESS COVE AT HEALTHPARK FL PURPOSE: MEDICAL, PHILANTHROPY, ETC | $104,900 |
LEE MEMORIAL HEALTH SYSTEM PURPOSE: SUPPORT LEE HEALTH OPERATIONS | $38,491 |